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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:45 EDTPETMPetSmart weakness a buying opportunity, says Credit Suisse
Credit Suisse recommends using PetSmart weakness as a buying opportunity. The firm said inflation is re-accelerating products and that the company can increase gross margins through mix, sourcing, and zone pricing. Shares are Outperform rated with a $78 price target.
News For PETM From The Last 14 Days
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October 29, 2014
12:59 EDTPETMPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
12:15 EDTPETMPrivate equity firms ready initial bids for PetSmart, Dow Jones says
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October 23, 2014
06:16 EDTPETMPetSmart attracts interest from KKR, NY Post reports
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